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More sulphur vessels leave the Mideast Gulf
More sulphur vessels leave the Mideast Gulf
London, 25 June (Argus) — More vessels carrying sulphur have left the Mideast Gulf, switching on their AIS tracking at the Fujairah bunkering hub after successfully transiting the strait of Hormuz. From a peak of around 1mn t of sulphur built up in floating storage in the Gulf by late April owing to the effective closure of the strait of Hormuz, around 300,000-400,000t remains loaded on vessels in the region. Most of this product is tied up under earlier commitments, and while at least two shipments are being offered on a spot basis, spot availability remains limited. One spot shipment is understood to be from a vessel that has already transited Hormuz, while another is yet to pass through the strait. The 56,600dwt Poly Odyssey is due to deliver to south China under contract The 50,100dwt Xing Qiang 1 is due to deliver to Indonesia under earlier commitments The 40,000dwt Warrior will deliver to Jorf Lasfar, Morocco, under regular contracts The 36,800dwt Lady Anastasia will deliver to Dar es Salaam, Tanzania The 39,300dwt Western Doncaster will deliver to southern Africa under an existing agreement These shipments follow several vessels that exited the strait in the past 10 days . Seven vessels had crossed from the UAE to primarily Morocco during May-early June and from Saudi Arabia towards Singapore, with at least one of the two sold to Indonesia rather than China, despite earlier tracking information pointing to China . By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Tupras' latest sulphur award prices slow to build
Tupras' latest sulphur award prices slow to build
London, 25 June (Argus) — Turkish refiner Tupras has awarded its latest July domestic sulphur e-tender in full at $650-804/t fca for various lot sizes. Prices overall are up by $17/t on average compared with its last tender awarded on 21 May, which ranged from $690-730/t fca. Tupras awarded product for its Izmir and Kirikkale refineries on 23 June as follows: From Izmir — lots ranging from 150-800t totalling 4,400t at $728-737/t fca. Tupras initially set a floor price at $925/t fca, which was cut to $625/t fca before competitive bidding ensued. From Kirikkale — lots ranging from 250-750t totalling 2,850t at $650-652/t fca. Tupras' floor price for these lots was also $925/t fca, which was reduced to $778/t fca and finally to $625/t fca before competitive bids started. Tupras additionally awarded product from its Izmit refinery late on 24 June for lots ranging from 100-1,400t at $796-804/t fca. Tupras set a floor price originally at $925/t fca, reducing it to $775/t fca and to $625/t fca before competitive bidding began. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UK to set in law GHG cuts of 87pc over 1990-2042
UK to set in law GHG cuts of 87pc over 1990-2042
London, 25 June (Argus) — UK parliament has agreed on the country's seventh carbon budget, and will set into law greenhouse gas (GHG) emissions reductions of 87pc by 2042, from a 1990 baseline. The vote, which took place in the evening of 24 June, passed with 332 votes for and 94 against. The UK's Labour government has pursued ambitious decarbonisation policies since it won a landslide victory in July 2024. The government earlier this month set out its proposal for the emissions cuts, in line with recommendations from the parliamentary advisory Climate Change Committee (CCC). Carbon budgets, which are legally-binding in the UK, cap the total GHG emissions that the UK can emit over five-year periods. The seventh carbon budget, which covers 2038-42, will have a limit of 535mn t/CO2 equivalent (CO2e), including the UK's share of international aviation and shipping emissions. This is "consistent with the Paris Agreement" and its most ambitious target to curb the global rise in temperature to 1.5°C above pre-industrial levels, the government said. The CCC welcomed the results of yesterday's vote. It "provides the long-term certainty that businesses, investors, and communities need to accelerate the transition away from fossil fuels… this legislation will help unlock innovation, drive clean investment, and strengthen the UK's competitiveness in a low-carbon world", CCC chair Nigel Topping said. The UK is on track to meet its fourth and fifth carbon budgets, which cover 2023-27 and 2028-32, respectively, the CCC said this week in its annual assessment of government progress on climate targets . But the government must accelerate electrification to hit climate goals beyond that, the committee added. The UK met its first three carbon budgets, which covered 2008-2022 collectively, largely through power sector decarbonisation, including shutting coal-fired power generation. The country has a legally-binding target to reach net zero GHG emissions by 2050. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia reservation scheme to shape new gas: Woodside
Australia reservation scheme to shape new gas: Woodside
Sydney, 25 June (Argus) — The design of the federal government's new gas reservation scheme, currently open for public comment, will dictate Australian independent Woodside Energy's decision to drill new domestic wells in the Gippsland basin. Woodside last year identified four development targets that it said could deliver up to 200PJ (5.34bn m³) of sales gas to the market via its Bass strait assets, including the Gippsland basin joint venture (GBJV), for which it will assume operatorship from ExxonMobil this year. But this plan hinges on both technical maturity and Canberra's new gas reservation scheme, chief executive Liz Westcott said on 25 June, warning that the right policy settings and collaboration between industry, government and community was needed to progress new projects. The 50:50 GBJV assets include the 700 TJ/d Longford gas plants, the Long Island Point gas liquids terminal and pipelines linking offshore operations with Victoria state. Woodside will also take over operatorship at the Kipper unit joint venture, which is 32.5pc owned by ExxonMobil, 32.5pc by Woodside, and 35pc by Japan's Mitsui. Scheme start looms The gas reservation programme, slated to begin on 1 July next year, will require LNG exporters to reserve 20pc of shipped volumes for the domestic market only, the government has said. Australia has, however, pledged to respect term supply contracts entered into before this year as part of the national scheme. It remains unclear how this will operate practically, but it is designed to avoid a possible shortfall later this decade due to poor gas planning by state and federal governments. Woodside does not exports gas from its eastern states assets but supplies LNG from its 14.3mn t/yr North West Shelf and 4.9mn t/yr Pluto terminals on the west coast. Western Australia's state government has said it has been assured its 15pc reservation scheme will meet Canberra's stated goals . Consultation on the reservation scheme will close on 30 June , with further development of the programme to take place in July-December. The reservation is causing uncertainty among foreign investors in the nation's LNG sector , while domestic producers are flagging future supply impacts if investment is curtailed . By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.















